Sub $400k

4 Sherwood Pl, Melton West

by Dean Berman

A great starter property for a portfolio or first home buyer.

Originally purchased for $71,000 in April 2005.

Sold for $366,500 by Daniel Webber and Justin Carberry of First National Melton.

A property which looks like it’s had some updates over time. The owners cleverly didn’t overcapitalise. Making a steady capital gain over the 14 years of ownership.